Albaraka Sukuk Ltd 

Albaraka Sukuk (the issuer) is a special-purpose vehicle incorporated in the Cayman Islands. Albaraka Sukuk has entered into sale and purchase agreements and a Murabaha agreement with Albaraka Turk Katilim Bankasi (ABT; BB/Negative/B), a participation bank incorporated in Turkey. The sale and purchase agreements (51% of the issuance amount) are for a diversified portfolio of Sharia-compliant assets. The Murabaha agreement (49% of the issuance amount) is for a portfolio of commodities. 

 

350 million 

USD 

 

Bahrain 

5 Years 

 

S&P: B